A Tall Hierarchy of Authority Is Usually Associated With

question 20

Multiple Choice

A tall hierarchy of authority is usually associated with:

• A)decentralization
• B)informal and unofficial work roles
• C)a loose chain of command
• D)centralization

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Definitions:

Markets

Platforms or systems where buyers and sellers interact to trade goods, services, or financial instruments.

Government Involvement

The participation or intervention by government bodies in the economy or specific industries.

Economic Activity

encompasses all actions involved in the production, distribution, and consumption of goods and services within an economy.

Invisible Hand

A metaphor introduced by Adam Smith to describe the self-regulating behavior of the marketplace where individuals pursuing their self-interest inadvertently benefit society.